New Hampshire Bankruptcy Exemptions

This list of exemptions updated August 2007. All law references are to New Hampshire Revised Statutes Annotated unless otherwise noted. Federal Bankruptcy Exemptions are allowed in New Hampshire.

Homestead

480:1 – Real property, or manufactured home, up to $100,000.

Personal Property

511:2 – (1) clothing; (2) beds and bedding; (3) furniture up to $3,500; (4) Refrigerator, cooking stove, and heating stove, and utensils for each; (5) sewing machine; (6) provisions and fuel up to $400; (7) books up to $800; (8) 1 hog and 1 pig, or pork if already slaughtered; (9) 6 sheep and their fleeces; (10) 1 cow, 1 yoke of oxen or a horse (if needed for farming, etc.), and hay up to 4 tons; (11) domestic fowls up to $300; (12) church pew; (13) automobile up to $4,000; (14) jewelry up to $500; (15) any property up to $1,000; and (16) Burial plot or lot: Also up to $7,000 in any property for any unused amounts allowed for items (3), (G), (7), (13), (14), and tools of trade.

512:21 – Proceeds for lost or destroyed exempt property.

Wages

512:21 – Earned but unpaid wages of debtor and spouse; payroll account deposits when designated as such; 50 times the federal minimum hourly wage per week; jury and witness fees; wages of a minor child.

Bankruptcy Exemptions

David S. Osterman 603-626-5452

Both individuals and businesses may find themselves with more debts than they can pay when due. In such cases, filing for bankruptcy may provide a solution to what seems like an insurmountable problem.

Once considered a last resort, bankruptcy has evolved into an accepted method of resolving serious financial problems. If you are facing serious financial challenges, it is important to seek the counsel of an experienced bankruptcy attorney to determine whether filing under Chapter 13 is right for you.